Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter XII - Federal Housing Finance Agency |
SubChapter D - Federal Home Loan Banks |
Part 1263 - Members of the Banks |
Subpart C - Eligibility Requirements |
§ 1263.9 - Makes long-term home mortgage loans requirement.
Latest version.
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§ 1263.9 Makes long-term home mortgage loans requirement.
An applicant shall be deemed to make long-term home mortgage loans, as required by section 4(a)(1)(C) of the Bank Act (12 U.S.C. 1424(a)(1)(C)) and § 1263.6(a)(3), if, based on the applicant's most recent regulatory financial report filed with its appropriate regulator, or other documentation provided to the Bank, in the case of a CDFI applicant that does not file such reports, the applicant originates or purchases long-term home mortgage loans.